Exploring Economics 2017 Lectures

Steve Keen
ProfSteveKeen, 2017
Level: schwer
Perspektiven: Ökologische Ökonomik, Postkeynesianismus
Thema: Makroökonomik, Geld & Schulden
Format: Vortrag / Vorlesung
Dauer: 09:00:00
Link: https://www.youtube.com/watch?v=tL-5wpiFuJE&list=PLqs7-zw9kiALJxBfqzAdJiQbnnwwUKvor

The lectures were given by Steve Keen at the Exploring Economics Summer Academy 2017 in the workshop on Post-Keynesian Economics.

The first lectures start with the role of money in a monetary economy and explain the macroeconomic significance of admitting the reality that banks create money. The lectures continue with Minsky's Financial Instability Hypothesis and show how to model it. Lecture 3 explains that "the Physiocrats were the only school of thought to be consistent with the Laws of Thermodynamics in their model of production”, and derives a production function in which energy plays an essential role. The last lecture shows "that the Labour Theory of Value is incompatible with the Laws of Thermodynamics and is therefore fundamentally false. This Theory is also incompatible with Marx's dialectical philosophy, which is consistent with the Laws of Thermodynamics and with the philosophy of organicism that Winslow argued underlay Keynes's approach to economics”. Steve Keen shows that this philosophy can provide a coherent and structured approach to building a realistic new political economy.

Lecture 1 - Bank Originated Money and Debt I

Lecture 2 - Bank Originated Money and Debt II

Lecture 3 - Minsky's Financial Instability Hypothesis

Lecture 4 - Modelling Minsky's Financial Instability Hypothesis

Lecture 5 - Making economics consistent with thermodynamics

Lecture 6 - A theory of value for a new political economy.

Go to: Exploring Economics 2017 Lectures

Tags: banks | dialectics | financial instability hypothesis | labour theory of value | macroeconomics | Marx | modelling | monetary theory | money | money creation | thermodynamics
After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed.
2021
Level: mittel
Green Bonds: the Sovereign Issuers’ Perspective
Raffaele Doronzo, Vittorio Siracusa and Stefano Antonelli
Mercati, infrastrutture, sistemi di pagamento
Planet Money and The Indicator aim to explain current economic events in an easy, fun and accessible manner.
2008
Level: leicht
Planet Money
Amanda Aronczyk, Mary Childs, Karen Duffin, Jacob Goldstein, Sarah Gonzalez, and Kenny Malone
https://www.npr.org/
The goal of the class is to acquire familiarity with recently-published research in alternative macroeconomics with a focus on the distribution of income and wealth, cyclical growth models, and technical change.
2021
Level: leicht
Theory Seminar Macro-Distribution
Daniele Tavani
Exploring Economics
Banking 101 is a series of 6 short videos that ask the following questions: How do banks work and how is money created? Is reveals common misunderstandings of money creation and the role of banks. Furthermore, the videos show how models taught in many introductory classes to economics (Econ 101) do not reflect those processes: Part 1) “Misconceptions around Banking” questions common comprehensions of how banks work (savings = investments). Part 2) “What's wrong with the money multiplier” states that the model of the money multiplies is inaccurate. Part 3) “How is money really made by banks” explains the process of money creation, loans and inter-bank settlement. Part 4) “How much money banks create?” asks what limits the money creation by banks and presents the difference between reserve ratio, liquidity ration, equity and refers to the inter-bank market. Part 5) Explores the question if banks create money or just credit and especially refers to credit risks. Part 6) Explains how money gets destroyed when loans are paid back. Note: The videos refer to the UK monetary and banking system, some explanations don't apply to other banking systems, e.g. the reserve ratio.
2012
Level: leicht
How is money really made by banks? - Banking 101 (Part 3 of 6)
 
Positive Money
After completing the module, participants should have knowledge and understanding about the theory of Critical Political Economy and its basic methods. They should be able to apply central concepts to analyse critical questions regarding the embeddedness of economic relations within broader social, political and ecological relations.
2021
Level: leicht
Marxist Political Economy
Anna Weber
Summer Academy for Pluralist Economics

Spenden

Um sich weiterhin für Pluralismus und Vielfalt in der Ökonomik einzusetzen, benötigt das Netzwerk Plurale Ökonomik e.V. Unterstützung von Leuten wie dir. Deshalb freuen wir uns sehr über eine einmalige oder dauerhafte Spende.

Spenden